Reacting in a statement by its spokesperson, Kola Ologbondiyan, the PDP said the comments by the minister was a vindication of its stand that the Buhari administration was responsible for the nation’s economic woes.

Ologbondiyan said: “Though the minister particularly alluded to the administration of the colossal fines imposed on MTN Nigeria and four banks, available data showed that the All Progressives Congress (APC)-led government has been subjecting businesses to very harsh and punitive policies, leading to the dearth of both domestic and foreign direct investments and its attendant economic hardship on the citizenry.

“We had always alerted the nation of the negative impact of the harsh economic policies, high-handedness and vindictiveness of the Buhari administration on investors. This is in addition to heavy and multiple taxations, import and foreign currency restrictions, clampdown on free trade, corruption and avoidable flops, which have continued to scare investors away from our country.

“Today, investors in key sectors are pulling out their interests, foreign revenue is dwindling by the day and our economy has continued to dip under President Buhari, with no hope in sight.

“Only last month, the same Minister of Finance alerted that the nation was facing revenue challenges; a development that stems directly from the harsh policies of the Buhari administration, coupled with its incompetence and lack of creative ability to engage in the global market and run a productive economy.

“We invite Nigerians to hold President Buhari responsible for the economic disaster and the hardship that our nation has faced in the last three and half years.”